Boyd Buys Four Pinnacle Casinos; Penn National Tidies up $2. 8-Billion Pinnacle Acquisition
Boyd completes purchase of four Best casinos in order to pave the manner in which for the close up of Penn National's $2. 8-billion acquisition of Pinnacle
Key gaming firm Boyd Game Corporation reported today that this has carried out the purchase of four modern casino properties via rival Epitome Entertainment for the approximate volume of $563. 5 various million on cash. Boyd has now added in Ameristar St. Charles as well as Ameristar Might in Missouri, Belterra On line casino Resort within Florence, In, and Belterra Park on Cincinnati, Oh to the portfolio about venues.
Package has resulted in Boyd increasing its US presence over 10 suggests , using those simply being Illinois, In, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nevisca, Ohio, plus Pennsylvania. Along with the four aforementioned casinos, the corporation now manages 29 buildings.
The deal's completion will come less than a month after Boyd completed the particular purchase of Vly Forge Modern casino Resort around King with Prussia, California.
Commenting within the closure for its most current acquisition cope, Boyd Director and PRESIDENT Keith Brown said that there is expanded their particular portfolio significantly and has superior their free of charge cash flow page at a 'compelling multiple. ' The administrating also remarked that the addition of the exact four properties has attained them entry to three with the largest video gaming markets inside Midwest.